Ad-hoc | 15 April 2003 07:30

Syzygy AG english

Board Members of syzygy AG to propose AGM special distribution of EUR 1.50 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Board Members of syzygy AG to propose AGM special distribution of EUR 1.50 ·Business model of the Internet solutions company successful: third profitable quarter in sequence; high operative cash flow; very high liquidity currently standing at EUR 59m. ·Executive Board and Supervisory Board thus propose special distribution of EUR 1.50 per share at the AGM on 4 June 2003 ·Company strives to establish a long-term dividend policy ·After special distributions of funds, liquid assets of EUR 42m are still available to pursue a profitable growth strategy ·Further details on the planned special dividend to be announced at the AGM on 4 June 2003 Frankfurt, 15 April 2003 During a regular meeting, both the Executive Board and Supervisory Board of syzygy AG decided to propose to the Annual General Meeting to be hold on 4 June 2003 a special distribution of funds. An amount of EUR 1.50 per share should be paid amongst the shareholders of syzygy AG during the course of the current business year. The amount derives from the additional paid in capital in the course of an increase of common stock with subsequent capital reduction. syzygy AG has now operated at a profit for the past three quarters. The cash flow (seen over the year) and the current liquidity of EUR 59m are both high. Furthermore a positive EBIT at group level is planned for the current business year. Therefore syzygy strives for a long-term dividend policy. After executing the planned special distribution of funds, the company’s liquid funds still remain with a cash reserve of EUR 42m to pursue a profitable acquisition strategy in Germany and Great Britain. Strategic goals in this regard include strengthening the core business of syzygy AG, extending the existing customer base, scaling the business and sharpening the company’s profile as a leading European Internet solutions company. Contact: syzygy AG – Joachim Sorg – Investor Relations Im Atzelnest 3 * D-61352 Bad Homburg Tel.: +49-(0)6172-9488-251 / Fax: +49-(0)6172-9488-272 e-mail: j.sorg@syzygy.net / http://www.syzygy.net end of ad-hoc-announcement (c)DGAP 15.04.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The day of the special distribution of funds depends on the approval of the resolution of the above mentioned measures at this years AGM and, on the date of the shareholders’ resolutions being entered in the register of companies and their announcement. In accordance with the provisions as established in company law, for reasons of creditors’ protection, this special distribution may only be executed at the earliest after a period of six months following the announcement of the entry in the register of companies. Further details on this procedure will be explained within the invitation to this year’s Annual General Meeting to be held in Frankfurt am Main on 4 June 2003 and during the AGM. ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 150730 Apr 03